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Renve Spa had the following balances at December 31, Year 2 Cash of $11,000. Accounts Recemable of $85,000, Allowance for Doubtul Accounts of $2,900, and

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Renve Spa had the following balances at December 31, Year 2 Cash of $11,000. Accounts Recemable of $85,000, Allowance for Doubtul Accounts of $2,900, and Retained Earnings of \$93,100. During Year 3, the following events occurred: 1. $2700 of accounts recelvable were witten off as uncollectible 2. Renue unexpectedly collected $120 of recelvables that had been written off in a previous accounting period. 3. Services provided on account during Yeat 3 were $221,000 4. Cash colections from receivables were $223,028. 5. Uncollectible accounts expense was estimated to be 1 percent of the sales on accourt for the period Required: 1. Organize the transaction data in occounts under an accounting equation. 2. Based on the preceding information, compute (after year-end adjustment) (1) Balance of Allowance for Doubtful Accounts at December 31, Year 3. (2) Balance of Accounts Receivable at December 31, Year 3 (3) Net realuable value of Accounts Receivable at December 31, Year 3 . 3. What amoint of uncollectible accounts expense will Renue Spa have for year 3? Complete this question by entering your answers in the tabs below. (1) Balance of Allowance for Doubtful Accounts at December 3 it, Year 3 . (2) Balance of Accounts Recetvable at December 31, Year 3 (3) Net realizable value of Accounts Recelvable at December 31, Year 3 . 3. What amount of uncollectible accounts expense will Renue Spa have for Year 3? Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation. Hote: Enter any decreases to account halances with a minus sign. Not ali cetis require inpout. Based on the preceding information, compute (after year-end adjustment): (1) Balance of Allowance for Doubtful Accounts at December 31, Year 3. (2) Balance of Accounts Receivable December 31, Year 3. (3) Net realizable value of Accounts Receivable at December 31, Year 3. What amount of uncollectible accounts expense will Renue Spa have for Year 3

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